# Norwegian Cruise forecasts upbeat first-quarter profit on robust demand
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2024-02-27
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Norwegian Cruise Line predicts strong Q1 profit amid high demand
Meta Description: Norwegian Cruise Line Holdings predicts a profitable first quarter due to high demand for Caribbean and European cruises. Shares rose 5.5% in premarket trading.
URL: https://economystandard.com/norwegian-cruise-forecasts-upbeat-first-quarter-profit-on-robust-demand/

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## Norwegian Cruise forecasts upbeat first-quarter profit on robust demand   (Reuters) – Norwegian Cruise Line Holdings forecast a first-quarter profit on Tuesday betting on higher ticket prices and steady demand in the U.S. for cruises to the Caribbean and Europe.    The company’s shares rose 5.5% to $16.80 in premarket trading.    Cruise operators are now experiencing record levels of bookings in 2024 as travelers look to spend on novel experiences and are choosing cruises over land-based alternatives such as hotels or theme parks.    This has given companies including Carnival Corp and Royal Caribbean more room to hike prices on their itineraries and offset still-high labor and fuel costs.    Norwegian Cruise forecast an adjusted profit of 12 cents per share for the first quarter, compared with analysts’ estimates of a loss of 20 cents per share, according to LSEG data.    The company’s fourth-quarter revenue rose to $1.99 billion from $1.52 billion a year earlier. Analysts had expected $1.97 billion.        (Reporting by Granth Vanaik and Ananya Mariam Rajesh in Bengaluru; Editing by Shounak Dasgupta)


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